Cardano ‘Sharks’ Take ADA Accumulation To A Whole New Level As Almost Half Of $ADA Supply Gets Scooped

Cardano ‘Sharks’ Take ADA Accumulation To A Whole New Level As Almost Half Of $ADA Supply Gets Scooped
фото показано с : zycrypto.com

2022-2-23 20:56

Key Takeaways

Cardano wallets holding between 10,000 to 100,000 ADA have been accumulating more coins.According to Santiment, this category of investors often mark the top of the market.ADA has been among the top gainers in the crypto market on the day.

This group of Cardano (ADA) investors may be the key metric to watch for the price of ADA. According to Santiment, a behavior analytics platform for cryptocurrencies, investors who hold between 10,000 to 100,000 ADA have historically marked the top of the ADA market.

In the past five weeks, these addresses, which Santiment calls Cardano sharks, have accumulated approximately six percent of the circulating supply of ADA.

Whale activity still leaves a lot of uncertainty for ADA

Based on this, Santiment speculates that the bottom of the dip in the price of ADA may have been reached. However, this cannot be known with certainty because the category of investors that hold between 100,000 to 1,000,000 ADA has been dumping their coins.

Santiment notes that this category has sold off from 37.0% to 17.7% of the supply held in just the past three months.

“These two very opposite directions seemingly wipe each other out, and create a mostly neutral indicator,” Santiment’s report said.

The report surmises that with the opposing actions, “not a lot seems to be happening” for ADA. Santiment advises that observers should look out for an uptick in these transaction categories as they would mark a “long-term turnaround” for Cardano.

Santiment’s analysis comes after the Cardano blockchain has been dominating in transaction volume. Cardano surpassed Bitcoin and Ethereum in adjusted transaction volume on February 21, processing $16.71 billion worth of transactions in 24 hours.

ADA among tokens leading the day’s surge in the crypto market

The crypto market seems to be recovering from the massive downward correction it has been experiencing in the last few days. On the day, ADA along with a host of other cryptocurrencies are trading in the green.

ADAUSD Chart by TradingView

ADA is among the top gainers in the top 10 crypto rankings, posting an 8.61% increase in the last 24 hours. ADA is trading at $0.94 on the day. Similarly, Bitcoin, Ethereum, and BNB have gained 3.21%, 4.66%, and 4.10% respectively in 24 hours. However, ADA is still down 13.6% in the 14 days time frame.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0.9087 (-0.29%)
Объем 24H $1.169b
Изменеия 24h: -1.08 %, 7d: -16.30 %
Cегодня L: $0.8775 - H: $0.9214
Капитализация $31.919b Rank 9
Цена в час новости $ 0.9216 (-1.4%)

ada cardano between holding wallets coins accumulating

Источник: zycrypto.com

ada cardano → Результатов: 126


Аналитик прогнозирует рост Cardano на 2288% до $6 и определяет, когда может начаться бычий забег ADA

Несмотря на то, что биткоин превысил $71 тыс. , Cardano торгуется по $0,3473, что отражает потерю 12% по сравнению с ценой месяц назад. Сегодня ADA показала рост всего на 2,2% на фоне возобновления бычьего импульса на рынке криптовалют.

2024-10-30 08:24


Фото:

Cardano Foundation Reports Massive Growth In These Key Metrics – ADA Price Soars 3%

In August, the Cardano (ADA) ecosystem experienced significant growth across several key metrics, coinciding with the anticipated Chang upgrade, which was successfully implemented on September 1. Despite the bearish market sentiment that affected ADA’s price during this period, the Cardano Foundation reported increased investor activity and blockchain usage.

2024-9-10 13:00


Cardano (ADA): Hoskinson Updates ADA Community, Cardano (ADA) Investors Question Will ADA Maintain For 2024

Cardano (ADA) has undergone significant developments recently, especially with the successful implementation of the Chang Hard Fork, marking the beginning of the Conway Era. This major upgrade has introduced new decentralized governance models to the blockchain, allowing ADA holders to directly vote on decisions that impact the network.

2024-9-7 17:18


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Haven Protocol Token (XHV) crashes after mint exploit

Haven Protocol suffered a mint exploit, with over 500 million XHV tokens minted illicitly, The hack has sent the price of the XHV token down by over 60%. Hacker(s) exploited a vulnerability in the range proof validation code, introduced during the Haven 3.

GRVT becomes world’s first regulated DEX after licensing in Bermuda

GRVT has secured Bermuda’s Class M license, becoming the first regulated DEX globally. GRVT combines 600,000 TPS with compliance, aiming to be the “Goldman Sachs on blockchain. ” GRVT plans global expansion, aligning with MiCA and ADGM for broader regulatory approval.